The stock price of Bravo Corporation is currently $120. The stock price a year from now will be either $195 or $75 with equal probabilities. The interest rate at which investors invest in riskless assets is 4%. Using the binomial OPM, the value of a put option with an exercise price of $170 and an expiration date 1 year from now should be worth __________ today. (Round intermediate calculation to 2 decimal places.)